Relm Insurance Offers World’s First Insurance for Miners $BTC ❗️

“We are offering a new insurance product that is specifically designed for Bitcoin miners. The BTC BI insurance policy is the first product in the industry that is denominated in Bitcoin and offers business interruption coverage,” Relm Insurance said.

Traditional forms of equipment insurance used in the mining industry are based on a potential three-year profit from Bitcoin. However, the insured loss can only be paid in fiat currency. This may result in the cost of coverage depending on the exchange rate between Bitcoin and fiat currency.

In a letter to mining companies, Relm Insurance administration says that the launch of BTC BI insurance will allow crypto industry participants to focus more on developing the technological base and reduce the risks associated with mining the flagship cryptocurrency. $BNB $CATI